City
Epaper

Cashless transactions causing hurdles for small industries: Mamata

By IANS | Updated: November 22, 2023 17:50 IST

Kolkata, Nov 22 Speaking at the closing session of the Bengal Global Business Summit-2023 here on Wednesday, West ...

Open in App

Kolkata, Nov 22 Speaking at the closing session of the Bengal Global Business Summit-2023 here on Wednesday, West Bengal Chief Minister Mamata Banerjee criticised the Union government’s focus on cashless transactions, saying that it is creating major hurdles for the micro and small scale industrial units.

“Cashless transactions are perfect for rich people. Using debit cards and credit cards are their compulsions. But how many people from relatively lower financial backgrounds use debit cards and credit cards? Even I do not use such cards. Similarly, excessive focus on cashless transactions is causing problems for the micro and small industries,” the Chief Minister said.

Banerjee also said that the focus of her government is more on macro, small and medium industries rather than big units.

“Small is always beautiful. Often the big industries do not necessarily generate major employment. But the small industries are employment generators in the true sense,” she said.

She also said that industrialists are often harassed unnecessarily by the central agencies.

“Industrialists are often leaving the country being scared of the central agencies. To be precise, the industrialists are at times choked by the central agencies. At the same time, the issue of over-taxation also becomes a burden for them,” she said.

She concluded her speech by stating that as many as 188 MoUs have been signed at the summit this year. The Chief Minister also claimed that the state has received investment proposals worth Rs 3.37 lakh crore during this year’s summit.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

International"We have a deal on TikTok, will speak to Xi Jinping to confirm everything up," says Trump

InternationalMoS Pabitra Margherita meets Australia PM Albanese at Port Moresby during Papua New Guinea I-day celebrations

Other SportsAsia Cup: Richie Richardson likely to officiate Pakistan–UAE clash, say sources

International"India is putting a lot of resources to help deliver technology for future," Chairman of APACMed says

InternationalVice President CP Radhakrishnan meets Mauritius PM Ramgoolam, discussions on trade and economics held

National Realted Stories

NationalSchools and colleges to remain closed in Manipur today as rain trigger floods

NationalIAS officer Sarfaraz Ahmad appointed MD of Hyderabad Metro Rail

NationalBJP leaders reflect on PM Modi's enduring legacy on his 75th birthday

NationalChandrababu Naidu asks Collectors to focus on achieving 15 pc growth rate

NationalFormer TTD chairman alleges act of sacrilege in Tirupati